According to experts of Cushman & Wakefield, this year’s total volume of transactions is expected to reach €9.4 billion in Central Europe, which will represent a one-third decrease on last year’s figure. Poland’s share in the total transaction volume - albeit down by one-fourth compared with last year - will hit approximately 60%.
Paweł Sapek, Senior Vice President, Regional Head CE & Country Manager of Prologis talked to Property Forum about the state of the warehouse market, the changing expectations and demands of tenants and new challenges for the nearest future.
The changing structure of demand for offices, and the increasing amount of space aimed at subtenants, raises the question of whether the office sector in Poland is facing the imminent prospect of oversupply.
CTP announced that it had successfully leased a total of 450,000 sqm in Romania in the 2019–2020 period, including to some of the most important players in key industries such as retail, e-commerce and automotive.
A survey prepared by Cushman & Wakefield in partnership with FIHR, targeting Romanian hoteliers, was launched in November 2020 to understand the impact of COVID-19 on the Romanian hotel industry and their perspectives on the outlook of this sector. This survey is the second instalment after a previous questionnaire that was launched in April 2020. The intention is to gain the appropriate attention and appeal to authorities for more meaningful and targeted support towards our hospitality sector. Cushman & Wakefield and FIHR remain committed to ensuring that the industry receives appropriate support by collecting and analysing available data and appealing to authorities.
Dutch-Czech real estate investment company Fidurock has opened a new retail park Choceň in the Pardubice Region of the Czech Republic. The retail park comprises 10 units with Penny Market as the main tenant, occupying an area of 1,300 sqm. Other tenants include Pepco, KiK, Okay elektro, Rossmann, ZZN, a pharmacy and others.
Nexity has announced that sales of apartments in its latest investment in Warsaw - La Praga in Radzymińska St. - has come to an end. The transaction has been sealed by a contract made with a Dutch investment fund Van der Vorm Vastgoed, which acquired all available apartments (more than 80% of apartments in the real estate property). The fund declares that they will be available for long-term rental.
NEPI Rockcastle is increasing the sustainability targets for the following decade and aims to become carbon neutral by 2030. The Group’s initiative meets the EU’s efforts to combat climate change through carbon neutrality. BuildGreen, advisor in the field of sustainable development in Central and Eastern Europe, will provide NEPI Rockcastle carbon-neutral audit and sustainability strategy, to meet the Group’s target and support the line created within the realms of the Paris Agreement.
Globalworth announces that Dimitris Raptis is appointed sole CEO of the Group. Ioannis Papalekas is stepping down as CEO of the company effective 15th of December 2020.
Manufacturing PMIs in CEE showed that the recovery slowed at the end of Q3 2020 and the carryover to Q4 2020 was small (and even negative in some cases). This assessment pertains also to the outlook, with new orders and output expectations either rising less or showing a slower recovery in September than in the previous months, according to Dan Bucsa, Chief CEE Economist at UniCredit Bank in London.
School supplies producer St. Majewski has leased more than 9,000 sqm in the Hillwood Kutno logistics park in central Poland. The complex is owned and managed by Hillwood.
A leading pay-TV broadcaster and producer has leased 2,700 sqm at the MLP Pruszków II logistics centre, on Warsaw’s western outskirts.
Clear Channel Poland moves its office to International Business Center in Warsaw early next year. It leased approximately 740 sqm for its new office in building B.
New appointments
GARBE Industrial Real Estate GmbH has appointed Martin Stratov as Business Development Director Czech Republic and Slovakia. He will be responsible for business development in both markets. The new team member is joining right after the company announced the acquisition of land comprising 65,000 square metres in Chomutov.
AFI Europe Romania has appointed Roxana Stănciulescu as Director of the Retail Leasing division. Roxana will coordinate the leasing activity of AFI Cotroceni, AFI Brasov, AFI Ploiesti and future commercial projects AFI Europe is developing which includes a commercial centre near AFI City and a retail park in Arad.
GTC has appointed Malwina Pawłowska to the position of Head of Marketing & Communication. Pawłowska is marketing and communication strategist with over 17 years of experience gained in various multinational companies. Prior to joining GTC, she worked at Skanska Property Group and Ghelamco.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.
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